A Santa Barbara American Indian Band has made a significant financial contribution to Santa Barbara County entities, including the Santa Barbara County Fire Department and Santa Barbara County Sheriff’s Department. The Santa Barbara County Indian Gaming Community Benefit Committee approved a total of $736,700 in grants from the State Special Distribution Fund (SDF) to the above agencies on May 29th, 2012.
The move is cited as a troubling example of Reno's inability to maintain a sustainable market for California tourists.
Gambling revenue in Reno has dropped by a third since 2000. In addition to the lack of rebound from local and national recession, steady competition from Northern California's tribal casinos, especially the Thunder Valley Casino near Lincoln, is cited as a primary cause.
But now, the Silver Legacy is trying to avoid defaulting on a $142M bond. The casino's owners are negotiating a restructuring of the debt.